ETH.X: Crypto Market at Risk of a Major Drop

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Given the political and economic challenges ahead, the crypto market is at risk of a significant drop. If the support level at $2800 does not hold during its next test, there is a high chance of falling to $2100. The market has formed a lower high in three consecutive attempts, and the failure to reverse at these levels would increase downward pressure. This, combined with the pressure on tech stocks in the US equity market, poses a major threat to the crypto market in the medium term.

We are closely monitoring this situation and the support level. Considering the volume has been consistently decreasing since March, we are on high alert. If the support breaks on the recent downtrend starting July 21st, we expect further declines. There are many warning signs across different markets, and until the economic and political climate stabilizes, we anticipate this downturn to continue until the US election.

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ETH has been rejected a few times and it's struggling to keep up with the selling pressure. As the US market is under too much downside pressure, Crypto is going to feel the volatility and break supports.

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ETH has been stagnant and crypto die-hard fans are still in disbelief. 3000 mark is extremely important if it breaks down. Following such an event, the shockwaves should hit the market sooner than later.

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We have been warning about a crypto crash. Early signs are now showing themselves.

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lower and lower everyday.

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Too bad this post didn't get enough attention. It could've save you a lot of money. We tried hard to spread the word and warn our followers. We hope at least some of you were following and was able to secure some profit.

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Another rejection from the top. Crypto market is about to enter a very long winter.

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Target hit once already.